Spanish group Corfem, a chemical products trader, has acquired 30% stake in the capital of Prochimag Sarl, the Moroccan subsidiary of chemical products distributor PMS International.

For this stake acquisition, Corfem disbursed MAD13 million ($1.3 million). Thanks to this operation, the group will enter the Moroccan market alongside PMS International that is also present in Algeria.

In 2009, PMS International purchased the whole of Prochimag Sarl to expand its chemical products’ distribution and the imports of raw materials to the Maghreb.  

Chamberline Moko